He also cited a letter in today’s FT from a group of leading economists, who called for “sanity and humanity” to be shown to Greece (we pasted it in the blog this morning). We are not alone, Tsipras says.

Closing summary: Tsipras sends warning to G7

This parliamentary debate is going to rumble on for some time, but I think we’ve got the key points now.

Over to my colleague Heather Stewart to round up the situation:

The Greek prime minister, Alexis Tsipras, has warned that time is running out to rescue Greece from the brink of bankruptcy and exit from the eurozone, ensuring that his country’s plight will be a pressing concern for G7 leaders as they gather in Bavaria.

With the end of June now regarded as the last possible moment for striking a deal to release the €7.2bn in bailout funds that Greece needs to stay afloat, Tsipras struck a defiant tone in a statement before the country’s parliament, accusing Greece’s creditors of making “absurd” demands on his recession-hit country and insisting, “they won’t humiliate us”.

Tsipras also appealed to the Greek opposition parties – and his own Syriza MPs – to back his negotiating stance and reject the latest proposals from the country’s paymasters.

“Time is not only running out for us, it is running out for everyone,” he warned, adding:

“Greek people should be proud because the government is not going to give into absurd proposals.”

He also insisted that a debt restructuring – writing off some of the €320bn that Greece owes – must remain on the table.

US officials, including the Treasury secretary, Jack Lew, have repeatedly warned their European counterparts not to be complacent about the economic risks of a so-called “Grexit”, and President Obama is likely to reinforce that argument this weekend. The US president is likely to be particularly concerned that Greece could turn to Russia for aid. Tsipras underlined that risk on Friday by letting it be known he was holding a phone conversation with president Putin.

In the Greek parliament, Antonis Samaras, leader of the opposition New Democracy party, accused Tsipras of mishandling the negotiations and tipping Greece back into recession.

“You have totally destroyed the country and isolated us,” he said.....

Prime Minister Alexis Tsipras asked Greece’s international creditors to withdraw their conditions for giving more money in a defiant address to parliament.

“The proposals from the creditors are clearly unrealistic,” Tsipras told lawmakers in Athens late Friday.

“The Greek government cannot consent to unreasonable proposals that call for devastating measures for pensioners and Greek families. I want to believe that it was a bad negotiating trick.”

The embattled Greek leader went on the attack after telling German Chancellor Angela Merkel and French President Francois Hollande on Thursday that a list of proposals set by creditors to unlock bailout funds can’t be the basis for a deal. German and French officials declined to comment on the contents of the call.

The latest proposal was an “unpleasant surprise,” Tsipras said, adding that voters are asking the government “not to succumb to the irrational, blackmailing demands of our creditors.”....More here

G7 leaders are meeting in Germany this weekend -- Tsipras won’t be there, but we can probably expect president Obama to push Angela Merkel, Francois Hollande and Jean-Claude Juncker to sort this crisis out.

America remains very anxious that the eurozone crisis is going to blow up; memories of 2008 and the collapse of Lehman Brothers are still raw in Washington (and rightly so, those were scary days)

Eurozone officials said talks could resume as early as Tuesday, when Jean-Claude Juncker, the European Commission president, returns to Brussels from the Group of Seven meeting in Germany and Mr Tsipras is due to join his EU counterparts for a summit with Latin American leaders.

“Perhaps the love affair with Europe is over?” he mused. “For five years we have lived the memorandum and look what it has achieved. Our party is firmly against the memorandum.”

Is Golden Dawn lying in wait - readying itself for Syriza to fail with its enforced embraced of austerity? Michaloliakos tonight, with his forebodingly friendly demeanour, proved once again that it is.